Dominion Energy has finalised a significant transaction, closing the sale of a 50% non-controlling interest in its Coastal Virginia Offshore Wind (CVOW) commercial project to Stonepeak. This landmark deal, worth approximately $2.6 billion, comes as part of Dominion’s broader strategic efforts to restructure its portfolio and reduce debt. Stonepeak’s investment reflects a growing trend among […]
In a significant development for the renewable energy sector, Dominion Energy, Inc. has announced a strategic partnership with Stonepeak through the sale of a 50% noncontrolling interest in the Coastal Virginia Offshore Wind (CVOW) commercial project. This landmark deal, valued at approximately $3 billion, underscores the growing interest and investment in sustainable energy projects. Dominion […]
Dominion Energy has finalized an agreement to sell its 50% non-controlling limited partner interest in Cove Point LNG, LP to Berkshire Hathaway Energy (BHE) in a deal valued at $3.5 billion. The Cove Point LNG terminal, located in Lusby, Maryland, is an LNG export facility in the continental United States and the first of its […]
Dominion Energy has signed a deal worth $690 million to divest Hope Gas (Dominion Hope or Dominion Energy West Virginia or DEWV), its West Virginia natural gas utility, to Ullico’s infrastructure fund. Based in Clarksburg, Dominion Energy West Virginia is claimed to have 111,000 customers. It boasts of 3,200 miles of gas distribution pipelines and […]
Dominion Energy has acquired the 62.5MW (AC) Madison Solar generating facility in Orange County, Virginia from Cypress Creek Renewables for an undisclosed price. The Madison Solar project will be owned by the contracted assets arm of the Virginia-based electricity and gas utility. Having secured all the relevant state and local permits, the solar farm is […]
